Profile: Loop Industries Inc (LOOP.OQ)
Loop Industries, Inc., formerly First American Group Inc., incorporated on March 11, 2010, is a manufacturer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG), the chemical components used in manufacturing polyethylene terephthalate (PET). The Company is engaged in designing, prototyping and building a closed loop plastics recycling business using a de-polymerization technology. Its technology uses waste PET plastics, such as water bottles, soda bottles, consumer packaging, carpets and industrial waste as feedstock to process. These feedstocks are available through municipal triage centers, industrial recycling and landfill reclamation projects. The Company operates in the United States and Canada. The Company focuses on depolymerizing waste plastics and converts them into valuable chemicals, ready to be reintroduced into the manufacturing of virgin plastics.
The Company's process converts waste plastics into high purity PTA and MEG that can be used to create recycled food-grade PET resin, which can be used in a range of bottling, consumer packaging and other industrial applications. The Company's depolymerization of PET process is completed through a series of chemical reactions, which are completed at room temperature and under normal atmospheric pressure. As of February 29, 2016, the Company had not generated any revenue.
Loop Industries Inc
480 Fernand-Poitras St
TERREBONNE QC J6Y 1Y4